Highlights of the global security and vulnerability management market
The global security and vulnerability management market is expected to witness significant growth during the forecast period. This growth is attributed to the increasing usage of cloud-based solutions and services, and the growing demand for security and vulnerability management solutions in the BFSI and healthcare sectors. North America is expected to be the dominant region in 2017 in terms of value in the security and vulnerability management market. In the coming years as well, North America is expected to be a key market for substantial revenue generation. New product launches and business partnerships are the key strategies followed by various players in the security and vulnerability management market to increase their value and to enhance their customer base.
Growing digitalisation and increasing craze of video gaming among people across the globe is likely to create a positive impact on the global security and vulnerability management market
Web-based social networking is one of the world's quickest developing marvels, with most people and organisations currently having their presence on different online social networking sites including Facebook, Twitter, and LinkedIn. With this assistance, business-prone data would now be available to the public. Accordingly, to deal with social media efficiently and effectively, various regions in the globe are enhancing security procedures to connect the power of these various platforms, while limiting the risk by applying cyber security solutions to upgrade performance and enhance security intelligence.
Worldwide ICT spending is increasing significantly every year owing to the rising adoption of connected devices for Internet usage, and the continuous launches of new IT and communication technologies in the last three years. The global security and vulnerability management market is witnessing significant growth due to this increased ICT spending, especially in countries such as U.S. and China.
Video games use advanced technologies that consist of cutting-edge software and hardware to provide complete entertainment to users. It is no wonder that the gaming market is on an upward swing and is likely to continue its growth in the coming years. Global gaming companies are adopting security and vulnerability management on a large scale to deal with inherent issues such as piracy. Malware wrapped game installers are the most common cyber threats that online gaming platforms have to deal with. Due to such threats, gaming companies are investing a lot in cyber threat counter measures by adopting security and vulnerability management solutions. This factor is anticipated to boost global market revenue growth significantly.
The BFSI segment is expected to exhibit a high market attractiveness index over the forecast period
In terms of value, the BFSI segment is projected to be the most attractive vertical in the global security and vulnerability management market during the forecast period. In 2016, the BFSI segment was the dominant vertical, valued at more than US$ 1,200 Mn, and is expected to remain dominant in terms of value throughout the forecast period. However, the healthcare segment is projected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 13.2% during the forecast period.
The research study that our analysts have presented uncovers each and every aspect of the global security and vulnerability management market with the help of a robust research platform. It reveals several macroeconomic factors, SWOT analysis, regulatory aspects, and other aspects that govern the dynamics of the market influencing its growth. These traits help in devising an accurate marketing strategy or entry tactic, simultaneously dealing with the unforeseen events present within the market scenario.
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A unique research methodology is applied to gather the necessary market data. Secondary research followed by primary research and key opinions from domain experts, market observers and other external sources is carried out. Extensive secondary research is initiated covering all the angles of the global security and vulnerability management market following which a primary research is carried out to deep dive even further. Simultaneously, market observers and domain experts that have a completely unbiased opinion about the market are consulted either via face to face interviews or via telephonic interviews, and key aspects and data points are gathered, which are re-examined in the next set of primary interviews. This implies that each key aspect or statistic or number is cross checked, re-verified, evaluated, analysed and validated over the course of the entire research. As every conversation gives a more or less different view, the statistics and data undergo a triangulation process to arrive at the final market numbers. This data point reflects maximum accuracy that fuels the credibility of the information shared in the security and vulnerability management market report.
This research report on the global security and vulnerability management market includes a dedicated section that covers the competitive landscape of the global market. This includes information on the key players dealing with security and vulnerability management. The competitive analysis on these key players reflects a detailed knowhow on their current scenario, their geographical spread, their expansion plans, the new strategies they have come up with, new developments in their products as well as innovation to enhance their product portfolio, mergers and acquisitions as an expansion strategy, marketing strategies, market share, revenue, company strength, strategic alliances, etc. This can give the reader a broad idea of the happening events in the market initiated by these players, with the help of which new plans or tactics can be developed and implemented.
Research report highlights
Unbiased, holistic view of the market covering major regions and sub regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East and Africa (MEA)
Detailed segmental analysis giving justice to the reader’s investment
Trends, developments, restraints, drivers, challenges, opportunities etc., mentioned in the report uncovering all angles of the market
In-depth analysis with actionable intelligence that can serve the reader’s purpose by assisting him/her in planning and executing growth and expansion strategies
Unmatched accuracy owing to a one-of-its-kind research approach
Competitive scenario explaining the present market conditions and how key players are making moves along those dynamics
Accurate market forecasts 10 years down the line based on past and present market assessments
Recommendations based on the analysis covered by the research experts